Gerald M. Chizever Sells 2,701 Shares of OSI Systems, Inc. (NASDAQ:OSIS) Stock

OSI Systems, Inc. (NASDAQ:OSIS) Director Gerald M. Chizever sold 2,701 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $195.83, for a total value of $528,936.83. Following the sale, the director now owns 5,000 shares of the company’s stock, valued at approximately $979,150. The trade was a 35.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

OSI Systems Price Performance

NASDAQ:OSIS opened at $193.60 on Tuesday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 25.27, a PEG ratio of 1.44 and a beta of 1.19. The company has a 50-day moving average of $171.97 and a 200-day moving average of $154.18. OSI Systems, Inc. has a 52 week low of $126.57 and a 52 week high of $200.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.20 and a current ratio of 1.84.

OSI Systems (NASDAQ:OSIS) last announced its quarterly earnings results on Thursday, January 23rd. The technology company reported $2.42 EPS for the quarter, topping analysts’ consensus estimates of $2.34 by $0.08. OSI Systems had a net margin of 8.31% and a return on equity of 18.17%. As a group, equities research analysts anticipate that OSI Systems, Inc. will post 9.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com upgraded OSI Systems from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Wells Fargo & Company increased their price target on shares of OSI Systems from $172.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Bank of America began coverage on shares of OSI Systems in a research report on Monday, September 30th. They issued a “buy” rating and a $175.00 price target on the stock. Roth Mkm upped their price objective on shares of OSI Systems from $178.00 to $224.00 and gave the company a “buy” rating in a research report on Friday. Finally, Oppenheimer lifted their target price on OSI Systems from $205.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, OSI Systems currently has a consensus rating of “Moderate Buy” and an average price target of $209.40.

Institutional Trading of OSI Systems

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of OSI Systems by 174.6% during the second quarter. Envestnet Asset Management Inc. now owns 50,373 shares of the technology company’s stock valued at $6,927,000 after acquiring an additional 32,029 shares during the period. Renaissance Technologies LLC increased its position in shares of OSI Systems by 79.8% during the 2nd quarter. Renaissance Technologies LLC now owns 25,683 shares of the technology company’s stock worth $3,532,000 after purchasing an additional 11,400 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in OSI Systems by 106.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,951 shares of the technology company’s stock valued at $406,000 after purchasing an additional 1,522 shares during the last quarter. Hsbc Holdings PLC boosted its position in OSI Systems by 14.2% in the second quarter. Hsbc Holdings PLC now owns 3,141 shares of the technology company’s stock valued at $436,000 after buying an additional 391 shares in the last quarter. Finally, Sei Investments Co. grew its stake in OSI Systems by 69.7% during the second quarter. Sei Investments Co. now owns 12,579 shares of the technology company’s stock worth $1,730,000 after buying an additional 5,168 shares during the last quarter. Institutional investors and hedge funds own 89.21% of the company’s stock.

About OSI Systems

OSI Systems, Inc designs and manufactures electronic systems and components. It operates in three segments: Security, Healthcare, and Optoelectronics and Manufacturing. The Security segment offers baggage and parcel inspection, cargo and vehicle inspection, hold baggage and people screening, radiation monitoring, explosive and narcotics trace detection systems, and optical inspection systems under the Rapiscan name.